Advent Christian Village

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/1/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

ACV is a senior living community offering independent living, assisted living, skilled nursing care, home health, and rehab -- a full continuum of care in a beautiful setting. Along with serving senior adults, included in ACV's mission is a heart for families with special needs, and children. Advent Christian Village provides a variety of services, including help for grandparents raising their grandchildren, retreats for foster children, and leadership training, which helps develop high school juniors and seniors into strong leaders with integrity and confidence. Additionally, a licensed marriage and family therapist offers counseling to the Village community and beyond. ACV remains committed to meeting the needs of senior adults, families with special needs, and children.

Through the Benevolent Fund, each month approximately 300 Advent Christian Village members with limited resources are given assistance with the cost of basic necessities. They are also able to benefit from the full continuum of care available at ACV.


Contact information

Mailing address:
Advent Christian Village
PO Box 4305
Live Oak, FL 32064

Website: acvillage.net

Phone: 1-800-647-3353

Email: acv@acvillage.net


Organization details

EIN: 590751905

CEO/President: Craig A. Carter

Chairman:

Board size: 0

Founder:

Year founded: 1949

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

Through the years, we have been a leader in developing innovative solutions for retirement living and healthcare. Today, we remain dedicated to providing quality, comprehensive services with compassion. We offer a strong spirit of community where residents care for one another and independence is encouraged to live life fully, every day.


Mission statement

The mission of Advent Christian Village is to express Christ's love by providing compassionate care and quality comprehensive services for senior adults, families with special needs, and children in a secure, supportive residential setting and in the surrounding communities.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating720 of 91132 of 44
Fund acquisition rating453 of 91323 of 44
Resource allocation rating734 of 91332 of 44
Asset utilization rating658 of 91131 of 44

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%18%14%16%27%29%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
79%5%6%6%3%4%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%1%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
21%95%94%94%97%96%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%74%75%76%74%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%101%99%100%104%107%
Program output ratio Program output ratio =
Program services /
Total revenue
77%75%75%76%78%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-1%1%0%-4%-7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-1%0%0%-3%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%25%24%23%25%24%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.750.520.560.570.550.55
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.882.182.432.312.412.41
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.691.131.351.311.321.32
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.257.876.547.648.248.16
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.130.150.130.120.12
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.709.277.527.947.987.99
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%24%21%23%24%23%
Debt ratio Debt ratio =
Debt /
Total assets
4%16%13%15%16%14%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
90%146%142%135%138%141%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$3,992,454$28,564($21,719)$254,235$0
Receivables, inventories, prepaids$5,316,440$5,841,698$4,636,652$4,352,567$4,515,518
Short-term investments$12,739,721$13,308,885$14,148,055$13,449,520$13,161,067
Other current assets$0$0$0$0$0
Total current assets$22,048,615$19,179,147$18,762,988$18,056,322$17,676,585
Long-term investments$1,581,706$2,251,846$1,793,837$1,856,155$1,844,489
Fixed assets$18,457,514$19,546,034$20,269,151$20,942,628$20,216,774
Other long-term assets$6,050,356$5,636,991$2,429,390$2,601,755$2,816,402
Total long-term assets$26,089,576$27,434,871$24,492,378$25,400,538$24,877,665
Total assets$48,138,191$46,614,018$43,255,366$43,456,860$42,554,250
 
Liabilities20202019201820172016
Payables and accrued expenses$2,018,681$2,629,011$2,314,141$2,142,972$2,123,336
Other current liabilities$784,551$303,621$141,919$49,655$41,637
Total current liabilities$2,803,232$2,932,632$2,456,060$2,192,627$2,164,973
Debt$7,566,631$5,837,880$6,398,934$7,117,114$6,132,390
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,352,184$1,041,953$1,007,811$1,221,260$1,321,164
Total long-term liabilities$8,918,815$6,879,833$7,406,745$8,338,374$7,453,554
Total liabilities$11,722,047$9,812,465$9,862,805$10,531,001$9,618,527
 
Net assets20202019201820172016
Without donor restrictions$27,868,352$28,187,497$28,601,502$28,533,054$28,838,567
With donor restrictions$8,547,792$8,614,056$4,791,059$4,392,805$4,097,156
Net assets$36,416,144$36,801,553$33,392,561$32,925,859$32,935,723
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$1,254,986$1,597,975$1,381,204$762,112$882,227
Program service revenue$22,549,384$24,031,276$22,466,112$21,491,617$20,496,482
Membership dues$0$0$0$0$0
Investment income$253,948$442,365$867,860$578,794$425,334
Other revenue$599,649$0$0$0$0
Total other revenue$23,402,981$24,473,641$23,333,972$22,070,411$20,921,816
Total revenue$24,657,967$26,071,616$24,715,176$22,832,523$21,804,043
 
Expenses20202019201820172016
Program services$18,384,244$19,478,103$18,676,195$17,748,491$17,425,727
Management and general$6,312,062$6,223,848$5,755,926$5,890,107$5,631,566
Fundraising$228,303$219,827$218,022$207,134$253,373
Total expenses$24,924,609$25,921,778$24,650,143$23,845,732$23,310,666
 
Change in net assets20202019201820172016
Surplus (deficit)($266,642)$149,838$65,033($1,013,209)($1,506,623)
Other changes in net assets$0$0$0$0$0
Total change in net assets($266,642)$149,838$65,033($1,013,209)($1,506,623)

Compensation

NameTitleCompensation
Johnny NicelyPharmacist$160,881
Craig CarterPresidentceo$159,424
Keri HilliardVice President$133,981
Steve HettVice Presidentcfo$132,250
James SchenckVice President$130,860

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/1/2021. To update the information below, please email: info@ministrywatch.com


History

Dowling Park was the fastest growing town in Florida in the early 1900s. It was built by affluent businessman Thomas Dowling who owned a lumber mill here. Dowling donated a parcel of the land to the Advent Christian denomination, and in 1913, Advent Christian Village was founded as a home for orphaned children and retired ministers and missionaries. Through the decades, the community developed and grew, adapting its methods to keep pace with the needs of a changing society. Yet it has remained true its mission, which is "to express Christ's love by providing compassionate care and quality comprehensive services" to those it serves. Today, Advent Christian Village (ACV) is a thriving community of nearly 800 members and 500 employees.

The 1,200-acre campus offers scenic landscapes along the Suwannee River within a hometown atmosphere. At ACV, neighbors care about each other. This unique community is enriched by members of all backgrounds, faiths and economic abilities. No entrance fees and reasonable rates make it a viable option for virtually anyone. Along with a full continuum of care, including independent living, assisted living and acclaimed skilled nursing care, ACV offers a range of rental options and even home ownership. Members may choose from an array of services, paying only for the ones they use. It is one of only 15% of communities accredited by CARF-CCAC, the nation's sole accreditor of retirement communities. This self-contained village has the benets of a city, complete with a wellness center, quality medical clinic, dining choices, pharmacy, grocery store and market center. There is plenty to do, with engaging activities and a variety of volunteer opportunities with nearly 40,000 volunteer hours performed annually.


Program accomplishments


Needs